Very Profitable Dog Grooming Business In Downtown Chicago For Sale

Business description

The current owners are husband and wife. The husband has no involvement in the business and has a full time job. The wife is running the business and has owned it for 12 years. The want to start a family and the first step is to sell the business.

This business has been operating for more than 17 years. The current owner bought the business 12 years ago. It's a very simple business that generates nice profits and doesn't require any special grooming license. The owner runs the business on her own, without any employees. She has always preferred to keep it a small business and has been perfectly happy with the sales and cash flow the business has been generating. As you will see from the financials, the sales are very consistent and the downturn in the economy didn't impact her business or profits. In fact, according to ABC news, spending on pets has increased every year since 2001. It's a $50 Billion dollar industry!

This business is a tremendous opportunity for a potential buyer. It's already a good, consistent profitable business and yet, there's plenty of room for growth and expansion. For starters, they have no website. Most successful and profitable pet services businesses have a website. In fact, they don't do any advertising at all. This is another area of opportunity for a new owner. This business also doesn't accept credit card payments. Many customers prefer to pay with credit cards, especially these days, when cash is more difficult to come by. The business is only open until 5:30pm each weekday. They are closed in the evenings, closed on weekends, and are "by appointment only", with no walk-ins. They also only groom dogs while most grooming businesses groom dogs and cats, and other pets. This business also does not offer any other pet services, aside from a minimal amount of boarding for a few select clients (less than 5% of gross sales).

Property information

Real Estate:

Lease

Lease terms:

Base rent = $1,295/month. Annual increases = 3%. C.A.M. = Tenant responsibility. Tenant is also responsible for proportional cost of annual real estate taxes increase incurred by lessor for said rental space over the base tax year 2008. In 2010, they paid $2,362.00 in RE Taxes and in 2009, they paid $1,150.00.

Leasehold rent:

$1,295 per annum

Business Operation

Expansion potential:

Business Hours: Monday Friday: 8:00 AM 5:30 PM Saturday: Closed Sunday: Closed As you can see, this business has many areas of opportunity to expand and grow the business. Many pet services businesses also provide other services such as waste removal and dog walking, especially in big cities like Chicago, where most people don't have big yards for their dogs to run around in and need to be walked for exercise.

Other information

Support & training:

The current owner is willing to provide training for a new owner and help train employees.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

The seller will considering some financing for a qualified buyer.

Furniture / Fixtures value:

$7,000 (included in the asking price)

Inventory / Stock value:

$1,000